Bitvo.com
Bitcoin (BTC)
C$14,048 (US$10,707)
July 02, 1:10 pm
Shane Thomson, CFA
shane@bitvo.com
403.407.0046
Technical Trading Score*:
Date Of Inception:
2009
Primary Use:
CURRENCY
18mm
Coin Profile
Bitcoin
is
a
decentralized
coin
enabling
revolutionary means to exchange value across the
globe. It continues to be the biggest and most
influential coin, encouraging peer-to-peer payment
networks powered by its users with no central or
middle authority.
Page 1 of 8
Coins Outstanding:
Maximum Coins:
21mm
POW or POS:
WORK
Current Mining Fee (USD):
~$4.04
Website:
https://bitcoin.org
July 02, 2019
All figures in USD$, unless otherwise specified
LOG IN TO VIEW
â– General Cryptocurrency News:
•
•
Reuters has reported that Facebook Inc. is applying for a cryptocurrency
business license in New York. This announcement comes a week after
the release of Facebook’s white list for Libra. New York state requires a
special license for companies dealing with crypto called the Bitlicense.
In an interview with Yahoo Finance, the CEO of JPMorgan Chase, said
that he doesn’t believe that cryptocurrency is a risk to the bank’s core
business. Mr. Dimon’s rationale was that banks already have
infrastructure in place and are unlikely to transition to the new technology.
â– BTC News:
•
Google searches including “Bitcoin” have reached a 17-month high.
Searches for the term are the highest in Brazil, with two California cities
surrounding Silicon Valley also included in the top ten.
•
Square has now made Bitcoin deposits available to the general public on
its Cash App, enabling users to add Bitcoin from external wallets. Initially,
the feature was only available for a small number of users. Deposits are
currently limited to US$10,000 every seven days and it takes several
hours for transactions to be confirmed on the blockchain.
•
The Iranian government has confiscated approximately 1,000 Bitcoin
mining apparatuses that were consuming around 1MW of power. In
response to sanctions imposed by the United States, the people of Iran
have been turning to Bitcoin, the mining of which is particularly profitable
in Iran due to the Iranian government’s power subsidies. The resulting
surge in power consumption from Bitcoin mining in the country has
spurred the government to take the actions to reduce power consumption
until new power rules that remove subsidies for crypto mining are in place.
â– Trading History YTD:
•
After a slow grind sideways for the first three months of 2019, the price of
BTC shot up at the beginning of April and climbed steadily throughout May
and June before correcting at the end of June.
Current Environment:
•
The price of BTC continued to break barriers at the beginning of last week,
surpassing US$11,000, US$12,000 and US$13,000 before correcting
towards the end of the week.
•
The price of BTC fell below US$10,000 briefly over the weekend before
climbing back to the mid-US$10,000 level today.
•
Volumes for the week averaged 2.8 million coins per day, which is higher
than the previous week’s volumes of 2.0 million coins per day.
In the image above, a Bull represents relatively favourable technical analysis indicators and a Bear represents relatively unfavourable technical analysis indicators.
Bitvo.com
Technical Trading Score*:
Date Of Inception:
2014
Primary Use:
SMART CONTRACTS
Coins Outstanding:
107mm
Coin Profile
Ethereum is a decentralized platform that runs
smart contracts: applications that run exactly as
programmed without any possibility of downtime,
censorship, fraud or third-party interference. These
apps run on a custom built blockchain. Ether is the
cryptocurrency generated by and used on the
Ethereum platform.
Maximum Coins:
NO MAX
POW or POS:
WORK
Website:
https://www.ethereum.org/
Ether (ETH)
C$378 (US$288)
July 02, 1:10 pm
All figures in USD$, unless otherwise specified
Page 2 of 8
Shane Thomson, CFA
shane@bitvo.com
403.407.0046
~$0.24
Current Mining Fee (USD):
LOG IN TO VIEW
July 02, 2019
â– ETH News:
•
Daily transactions registered on the Ethereum network exceeded one
million last week for the first time since May 2018, according to data
reported by leading Ethereum block explorer Etherscan.
•
Opera launched the iOS version of its blockchain ready mobile web
browser, Opera Touch. As well as accommodating Ethereum-based
decentralized applications, it supports all ERC-20 tokens, stable coins
and nonfungible tokens. The browser also reportedly features a crypto
wallet for storing Ether. The release comes after an Android version of the
Opera Touch was released late last year.
â– Trading History YTD:
•
After declining in January, the price of ETH has experienced positive
momentum for most of 2019.
•
However, with the positive performance of BTC in 2019, ETH has
underperformed BTC, with the price of ETH in BTC terms generally
trending down since the end of February.
â– Current Environment:
•
Similar to the price of BTC, the price of ETH rose at the beginning of last
week before correcting for the majority of the week in USD terms.
•
However, in terms of BTC, the price of ETH outperformed, ending the
week higher than where it started in BTC terms.
•
Volumes for the week averaged 38.4 million coins per day, which is higher
than the previous week’s volumes of 26.0 million coins per day.
In the image above, a Bull represents relatively favourable technical analysis indicators and a Bear represents relatively unfavourable technical analysis indicators.
Bitvo.com
Technical Trading Score*:
Date Of Inception:
2012
Primary Use:
CURRENCY
99.99 Billion
Coin Profile
XRP is the decentralized native currency employed by
Ripple. Ripple is a settlement system, currency
exchange and remittance network created by Ripple
Labs Inc. It is built upon a distributed open source
internet
protocol,
and
supports
tokens
representing
fiat
currency
or cryptocurrency.
The
company
purports
to
enable “secure,
instantly
and
nearly
free
global
financial
transactions of any size with no chargebacks.”
Coins Outstanding:
Maximum Coins:
POW or POS:
CORRECTNESS
Website:
https://ripple.com/
XRP
C$0.52 (US$0.40)
July 02, 1:10 pm
All figures in USD$, unless otherwise specified
Page 3 of 8
Shane Thomson, CFA
shane@bitvo.com
403.407.0046
~$0.0006
Current Mining Fee (USD):
LOG IN TO VIEW
100 Billion
â– XRP News:
•
Ripple Labs has joined forces with Coinfirm to investigate XRP’s
compliance with anti-money laundering practices.
â– Trading History YTD:
•
XRP has underperformed other major cryptocurrencies so far in 2019,
with its price trending down or flat from January through May.
•
While XRP participated in May and June’s almost universal
cryptocurrency price rally, it did not benefit to the same extent as other
major cryptocurrencies.
•
As a result of the above, the price of XRP has declined steadily in
terms of BTC since the beginning of 2019.
â– Current Environment:
•
Similar to other major cryptocurrencies, the price of XRP commenced
last week stable to up before declining for the balance of the week in
terms of USD.
•
Volumes for the week were higher, averaging 5.20 billion coins per day
compared to the previous week’s volumes of 4.29 billion coins per day.
July 02, 2019
In the image above, a Bull represents relatively favourable technical analysis indicators and a Bear represents relatively unfavourable technical analysis indicators.
Bitvo.com
Technical Trading Score*:
Date Of Inception:
2011
Primary Use:
CURRENCY
62mm
Coin Profile
Litecoin
is
a
peer-to-peer
cryptocurrency
and open source software project released under
the MIT/X11 license. Creation and transfer of
coins is based on an open source cryptographic
protocol and is not managed by any central authority.
The coin was inspired by, and in technical details is
nearly identical to, Bitcoin.
Coins Outstanding:
Maximum Coins:
84 mm
POW or POS:
WORK
Website:
https://litecoin.com/
Litecoin (LTC
C$156 (US$119)
July 02, 1:10 pm
All figures in USD$, unless otherwise specified
Page 5 of 8
Shane Thomson, CFA
shane@bitvo.com
403.407.0046
~$0.0731
Current Mining Fee (USD):
LOG IN TO VIEW
July 02, 2019
â– LTC News:
•
No significant Litecoin related news last week.
â– Trading History YTD:
•
Having started 2019 as a relative outperformer in comparison to other
major cryptocurrencies, LTC lost some momentum in April and May
before regaining ground in June.
•
The price of LTC in USD terms has traded positively for most of the year
in 2019.
â– Current Environment:
•
The price of LTC was more volatile than most major cryptocurrencies last
week, moving both up and down versus the stable to downward trend
others experienced.
•
Overall, the price of LTC ended the week down slightly in USD terms and
approximately where it began in BTC terms.
•
Volumes last week averaged 41.7 million coins per day which was higher
than the previous week’s volume of 30.2 million coins per day.
In the image above, a Bull represents relatively favourable technical analysis indicators and a Bear represents relatively unfavourable technical analysis indicators.
Bitvo.com
Technical Trading Score*:
Date Of Inception:
2017
Primary Use:
CURRENCY
18mm
Coin Profile
Bitcoin Cash is peer-to-peer electronic cash for
the Internet. It is fully decentralized, with no central
bank and requires no trusted third parties to operate.
Bitcoin Cash is the continuation of the Bitcoin project
as peer-to-peer digital cash. It is a fork of the Bitcoin
blockchain ledger, with upgraded consensus rules
that allow it to grow and scale.
Coins Outstanding:
Maximum Coins:
21 mm
POW or POS:
WORK
Website:
https://www.bitcoincash.org/
Bitcoin Cash (BCH)
C$529 (US$403)
July 02, 1:10 pm
All figures in USD$, unless otherwise specified
Page 4 of 8
Shane Thomson, CFA
shane@bitvo.com
403.407.0046
~$0.005
Current Mining Fee (USD):
LOG IN TO VIEW
July 02, 2019
â– BCH News:
•
Amazon-owned, leading game streaming platform Twitch has enabled
Bitcoin and Bitcoin Cash payments again. In March, Twitch quietly
removed cryptocurrency payment options for subscriptions by removing
Bitpay as a payment method. Bitpay has now been enabled again as a
payment processor on the platform.
â– Trading History YTD:
•
Somewhat similar to the trend in the price of BTC, the price of BCH
ground sideways for the first quarter of 2019 before experiencing a price
spike in early April.
•
The price of BCH has tended sideways since the beginning of April both
in USD and BTC terms.
â– Current Environment:
•
The price of BCH rose slightly at the beginning of last week before
dropping sharply and stabilizing at lower levels for the remainder of the
week in terms of USD.
•
In terms of BTC, the price of BCH outperformed in the latter half of the
week resulting in a slight upward trend.
•
Volumes were higher week-over-week, averaging 5.8 million coins per
day compared to the previous week’s volumes of 4.3 million coins per
day.
In the image above, a Bull represents relatively favourable technical analysis indicators and a Bear represents relatively unfavourable technical analysis indicators.
â– DASH News:
•
Dash has activated ChainLocks, protecting the network against 51%
attacks. Early this morning, the last two sporks, or multi-phased forks, of
Dash version 0.14 were activated, completing the network upgrade.
•
Dash can now be used for deposit and withdrawal transactions on the
Brave browser, a privacy-enabled blockchain browser. Rather than
collecting and monetizing user data, Brave rewards users based on the
amount of time that they spend visiting websites. Brave pays users in
Basic Attention Token (BAT), an Ethereum based coin, but users can
then use Brave’s partner, Uphold, to exchange into a select number of
cryptocurrencies, of which Dash is one.
â– Trading History YTD:
•
After a generally negative start to the year, the price of Dash has
experienced more positive than negative price momentum from February
2019 onwards in terms of USD.
•
However, given the larger price appreciation seen in BTC, the price of
Dash has trended negatively since the end of March in BTC terms.
â– Current Environment:
•
The price of Dash dropped sharply at the beginning of last week before
recovering mid-week only to fall again in the latter half of the week in
terms of USD.
•
In terms of BTC, the price of Dash dropped at the beginning of the week
before slowly recovering throughout the balance of the week.
•
Volumes were higher week-over-week, averaging 2.8 million coins per
day compared to the previous week’s volumes of 2.0 million coins per
day.
Bitvo.com
Technical Trading Score*:
Date Of Inception:
2014
Primary Use:
CURRENCY
9 mm
Coin Profile
Dash is an open source peer to peer cryptocurrency.
On top of Bitcoin’s feature set, it currently offers instant
transactions, private transactions and operates a self-
governing and self-funding model that enables the
Dash network to pay individuals and businesses to
perform work that adds value to the network. Dash’s
decentralized governance and budgeting system
makes it a decentralized autonomous organization.
Coins Outstanding:
Maximum Coins:
22 mm
POW or POS:
STAKE
Website:
https://www.dash.org/
DASH (DASH)
C$202 (US$154)
July 02, 1:10 pm
All figures in USD$, unless otherwise specified
Page 6 of 8
Shane Thomson, CFA
shane@bitvo.com
403.407.0046
~$0.0142
Current Mining Fee (USD):
LOG IN TO VIEW
July 02, 2019
In the image above, a Bull represents relatively favourable technical analysis indicators and a Bear represents relatively unfavourable technical analysis indicators.
Bitvo.com
Technical Trading Score*:
Date Of Inception:
2016
Primary Use:
112 mm
Coins Outstanding:
Maximum Coins:
POW or POS:
WORK
Website:
https://ethereumclassic.org/
Ethereum Classic (ETC)
C$10.18 (US$7.76)
July 02, 1:10 pm
All figures in USD$, unless otherwise specified
Page 7 of 8
Shane Thomson, CFA
shane@bitvo.com
403.407.0046
~$0.0023
Current Mining Fee (USD):
Coin Profile
Ethereum Classic is an open-source, public,
blockchain-based distributed computing platform
featuring smart contract (scripting) functionality. It
provides a decentralized Turing-complete virtual
machine, the Ethereum Virtual Machine (EVM), which
can execute scripts using an international network of
public nodes. ETC has a value token called “ether”,
which can be transferred between participants or stored
in a cryptocurrency wallet.
LOG IN TO VIEW
NO MAX
SMART CONTRACTS
July 02, 2019
â– ETH Classic News:
•
San Francisco-based incubator for the blockchain Ethereum Classic
(ETC), ETC Labs, has announced that it will create a solution for
Ethereum (ETH)/ETC interoperability in a collaboration with Metronome.
•
Blockchain interoperability, also referred to as “chainhopping”, is a
property of a blockchain asset meaning that it can be transferred
between separate blockchains. In this case, the cryptocurrency
Metronome (MET) will be transferable between the ETH and ETC
blockchains.
â– Trading History YTD:
•
After trading sideways for most of the first quarter of 2019, the price of
ETC has benefited from broader momentum in the cryptocurrency
space, trading generally positively from April onwards in terms of USD.
•
However, ETC has generally underperformed other major
cryptocurrencies with its price trending negatively throughout most of the
recent rally in terms of BTC.
â– Current Environment:
•
Similar to other major cryptocurrencies, the price of ETC rose slightly to
start the week before dropping sharply last Monday and trending
negatively for the balance of the week.
•
Volumes were higher week-over-week, averaging 121.3 million coins per
day compared to the previous week’s volumes of 84.0 million coins per
day.
In the image above, a Bull represents relatively favourable technical analysis indicators and a Bear represents relatively unfavourable technical analysis indicators.
Bitvo.com
DISCLAIMER
The information contained in this report has been compiled by Bitvo Global Inc. (“Bitvo”) from sources believed to be reliable, but no
representation or warranty, express or implied, is made by Bitvo, its affiliates or any other person as to its accuracy, completeness or
correctness. All opinions and estimates contained in this report constitute Bitvo’s judgement as of the date of this report, are subject to
change without notice and are provided in good faith but without legal responsibility. Nothing in this report constitutes legal,
accounting or tax advice or individually tailored investment advice. This material is prepared for general circulation to clients and has
been prepared without regard to the individual financial circumstances and objectives of persons who receive it. The Bull and Bear
symbols represent relatively favourable or unfavourable technical indicators, respectively, and the presence or absence of these
symbols and any language pertaining to these symbols does not represent any advice, representation or guidance from Bitvo as to
whether you should buy, sell or hold any cryptocurrency. The cryptocurrencies or services contained in this report may not be suitable
for you and it is recommended that you consult an independent advisor if you are in doubt about the suitability of such
cryptocurrencies or services. This report is not an offer to sell or a solicitation of an offer to buy any securities. Past performance is not
a guide to future performance, future returns are not guaranteed, and a loss of original capital may occur. The cryptocurrency market
is volatile and rapidly changing and, as a result, the latest published reports available to clients may not reflect recent material
changes. Bitvo reports are current only as of the date set forth on the reports. This report is not, and under no circumstances should
be construed as, a solicitation to act as securities broker or dealer in any jurisdiction by any person or company that is not legally
permitted to carry on the business of a securities broker or dealer in that jurisdiction. To the full extent permitted by law neither Bitvo
nor any of its affiliates, nor any other person, accepts any liability whatsoever for any direct or consequential loss arising from any use
of this report or the information contained herein. No matter contained in this document may be reproduced or copied by any means
without the prior consent of Bitvo.
Page 8 of 8
July 02, 2019
